Local Credit Union Ranks 62nd Most Financially Sound in United States
Chipley, FL (April 2021) — Community South Credit Union ($162 million) was recently ranked the 62nd most financially stable credit union in the country by S&P Global Market Intelligence. The Panhandle Florida-based financial institution was measured against 1,727 credit unions above $100 million in assets using five metrics: member growth, average loans per member, net worth as a percentage of total assets, delinquent loans as a percentage of total loans, and return on average assets. (PPP loans were excluded from calculations).
"We are extremely honored to be ranked as one of the top credit unions in the country for financial stability and growth," said CEO Jan Page. "Recognition like this gives me confidence that we've been doing right by our members, even during tough economic times like 2020, and establishing a strong foundation for the future."
Community South was one of only three Florida-based credit unions to make the Top 100, with Campus USA (Jonesville, $2.3 Billion) ranking 29th and Florida Credit Union (Gainesville, $1.4 Billion) at 92nd.
Click here for the full list of rankings.
About Community South Credit Union
Established more than 60 years ago, Community South is not-for-profit owned and operated by the members we serve. Community South was founded with the promise of "people helping people." From the moment we opened our doors, that guiding principle has been apparent in everything we do, from the accounts and loans we offer, to the personalized attention we provide. Community South has grown to $160+ million strong in assets with more than 13,000 members. Membership is available to those who live or work in the following counties: Gadsden, Liberty, Calhoun, Holmes, Jackson, Bay, Okaloosa, Walton, and Washington Counties.
About S&P Global Market Intelligence
At S&P Global Market Intelligence, we understand the importance of accurate, deep and insightful information. We integrate financial and industry data, research and news into tools that help track performance, generate alpha, identify investment ideas, perform valuations and assess credit risk. Investment professionals, government agencies, corporations and universities around the world use this essential intelligence to make business and financial decisions with conviction.
S&P Global Market Intelligence is a division of S&P Global (NYSE: SPGI), the world's foremost provider of credit ratings, benchmarks and analytics in the global capital and commodity markets, offering ESG solutions, deep data and insights on critical business factors. S&P Global has been providing essential intelligence that unlocks opportunity, fosters growth and accelerates progress for more than 160 years. For more information, visit www.spglobal.com/marketintelligence.